Tata Steel, Trent, Delhivery, Vedant Fashions, Mazagon Dock, Siemens India, and Infosys: Check top buzzing stocks of the day

At 01:39 PM, the S&P BSE SENSEX was trading at 72,376.81, down 2,987.88 points, or 3.96%, while the broader NIFTY50 index was trading at 21,952.95, down 951.50 points, or 4.15%.

The company has taken steps to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump administration.

JLR is the flagship company of Tata Motors.

Last seen, the stock was trading around 8% lower at ₹565.35 on the NSE.

Tata Steel on Friday said it has received an order for reassessing taxable income for the financial year 2018-19 and increasing the taxable amount by over ₹25,000 crore, and the company has moved the Bombay High Court against the reassessment.

Tata Steel said in a stock exchange filing that the assessment order came on March 31 this year, following a show-cause notice issued on March 13 by the Assessing Officer, Office of the Deputy Commissioner of Income Tax, Circle 2(3)(1), Mumbai.

Last seen, the stock was trading 9.22% lower at ₹127.50 on the BSE.

Trent reported a 28% increase in standalone revenue in the latest March quarter to ₹4,334 crore, compared to ₹3,381 crore in the corresponding period the previous year. Multinational investment bank Morgan Stanley had estimated 35% revenue growth in the quarter under review.

The company had witnessed a growth of 37% in the previous quarter.

The government's 2.83% stake sale in Mazagon Dock Shipbuilders was oversubscribed by institutional investors on Friday, who put in bids of about ₹3,700 crore.

The government is selling 1.14 crore equity shares, or a 2.83% stake, in Mazagon Dock Shipbuilders at a floor price of ₹2,525 per share. The offer for sale (OFS) has a greenshoe option to retain over-subscription of an additional 80.67 lakh shares or 2%. This takes the total issue size to 4.83%.

Bidding opened for retail buyers today.

Infosys hit a 52-week low of ₹1,307.10 on the BSE.

TCS, too, hit its 52-week low of ₹3,060.25 on the BSE.

In an exchange filing on April 5, the company said that it has inked a definitive agreement to acquire a controlling stake in Ecom Express Ltd for ₹1,407 crore.

Delhivery's board approved the "acquisition of shares equivalent to at least 99.4% of the issued and paid-up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding ₹1,407 crore."

The deal is likely to be completed within the next six months.

Last seen, Siemens India was trading 11.24% higher at ₹2,860 on the BSE.